Frequently Asked Questions (FAQs)​

This FAQ is for summary purposes only. All terms and conditions of the MBS Program are in the applicable Guaranty Agreement and the Guide. Where there is any inconsistency between this FAQ and the applicable Guaranty Agreement or the Guide, the provisions of the applicable Guaranty Agreement or the Guide will govern.

If I submit a pool via GinnieNET in January 2008, can I fax the TIN for that pool in February 2008?

No. All pools submitted for a January 1, 2008 issuance and thereafter, must include a pool TIN at issuance. Effective January 2008, pools transmitted via GinnieNET must have a pool TIN or it will be rejected. Submitting pool TINs at a later date will not be acceptable in 2008. Pool TINs for loan packages that are part of a multiple issuer pool are assigned by the Pool Processing Agent.

Can the CSV reporting file layout be used for both the initial reporting and also for each monthly report submitted until RFS is implemented?

No. The CSV file is only for the pool TIN one-time submission. OID and MDF must be submitted using the flat file. Issuers should begin reporting OID and MDF as part of their monthly reporting process, beginning with the February 2008 reporting month. Issuers that need more time must report OID and MDF no later than July 2008.

If an Issuer cannot submit until July, the July 2008 reporting month submission must include OID and MDF for the months of January-June of 2008. Effective with the August 2008 reporting month and thereafter, Issuers are to report OID and MDF on a monthly basis.

Once the Reporting and Feedback System (RFS) is implemented supplemental file layout submission in APM 07-16 will not be required.

Yes. Issuers will be given 5 days to make corrections to their quarterly submissions. Corrections can be submitted from the 10th to the 15th of the quarterly reporting month.

​Reporting Months

​Quarterly Report Due

​January, February, March

​Due April 10; corrections by the 15th

​April, May, June

​Due July 10; corrections by the 15th

​July, August, September

​Due October 10; corrections by the 15th

​October, November, December

​Due January 10; corrections by the 15th

In addition, Issuers will have an opportunity at year’s end to make any necessary corrections to the past 13 months of data from December to December. End of year corrections and the last quarterly reporting period for the calendar year are to be submitted by the January 10th due date.

Will I be able to overwrite OID and MDF that was reported in previous quarter?

No. The supplemental tax file will be rejected if tax information has already been submitted for a prior quarterly reporting period. Issuers will not be able to change and resubmit tax information for already reported quarter(s).

APM 07-16 has instructions for field-level reporting for the WFHIT Tax Reporting Record. For numeric fields (designated as 9s), report numeric values as right justified. Does this mean leading spaces should be inserted?